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RONALD HULSEY NAMED GENERAL MANAGER AT THE RITZ-CARLTON CLUB, ST. THOMAS

Press Release

November 9, 2010

RONALD HULSEY NAMED GENERAL MANAGER AT THE RITZ-CARLTON CLUB, ST. THOMAS

ST. THOMAS, U.S.V.I., - November 9, 2010 – The Ritz-Carlton Club, St. Thomas recently named Ronald Hulsey as the new general manager of the oceanfront, destination club property. In his new role, Hulsey will oversee daily operations for the largest Ritz-Carlton Destination Club property with 105 destination club residences spread over 10 acres and located adjacent to The Ritz-Carlton, St. Thomas.

“I am delighted to welcome Ronald back to The Ritz-Carlton Family and to this opportunity in St. Thomas,” said John Hearns, vice president, The Ritz-Carlton Club and Residences operations. “His prior experience with The Ritz-Carlton Hotel Company complemented by his extensive residential management familiarity makes Ronald an excellent choice to lead our Ladies and Gentlemen in St. Thomas and to provide our Members with exemplary vacation experiences.”

Most recently Hulsey was general manager of Cibolo Creek Ranch Resort, a luxury boutique resort in Texas. He started his career with The Ritz-Carlton Hotel Company, LLC in 2005 as the opening director of residences at The Ritz-Carlton, Grand Cayman. During his three year tenure in Grand Cayman, Hulsey also assumed responsibility for golf operations, which included a nine-hole Greg Norman designed signature course. Prior to joining the opening team at The Ritz-Carlton, Grand Cayman, Hulsey gained extensive residential property management and private country club management experience over a 26-year span in various leadership positions at three private country clubs and two residential resort communities in Texas.

A native of Texas, Hulsey and his wife, Barbara, are relocating to St. Thomas.

About The Ritz-Carlton Club, St. Thomas
Located on the eastern tip of St. Thomas on a half-mile stretch of beach, the 105-residence Club provides a luxurious vacation home in paradise – without the maintenance and responsibilities associated with home ownership. Members enjoy personal concierge services, which assist them with their every need prior to and throughout their stay, and the privileged use of the services and amenities available at The Ritz-Carlton, St. Thomas – including the 53-foot catamaran, Lady Lynsey, and a full-service spa, salon and fitness center. Designed as a private club, Members have the opportunity to access their luxuriously-appointed home Club or other Ritz-Carlton Destination Clubs through reciprocal use privileges. Members also have the ability to utilize additional time as available. For information, please visit "www.ritzcarltondestinationclub.com".

1 MVCD Members do not have access to Bachelor Gulch.

1
Ownership is in the Marriott Vacation Club Destinations™ timeshare plan, which is comprised of trust sites plus accommodations and programs made available for usage through the Marriott Vacation Club Destinations Exchange Program.

2Access to Marriott Rewards® is provided via membership in the Marriott Rewards® program and is subject to the Marriott Rewards Terms & Conditions and the terms and conditions as outlined in the applicable Marriott Vacation Club Destinations Exchange Program documents. Actual participating resorts and hotels are subject to change. The Marriott Rewards program may be discontinued at any time. Some Marriott Vacation Club Destinations Exchange Program Enrolled Owners will be unable to trade their usage for Marriott Rewards points.

3Marriott Vacation Club® Resorts are comprised of timeshare interests owned by the MVC Trust and available for usage through the Marriott Vacation Club Destinations timeshare plan and timeshare interests that are available for usage through the MVC Exchange Company; please see the applicable Marriott Vacation Club Destinations Exchange Program documents for more information. Resorts with property that comprise the MVC Trust are described in the documents provided at the time of sale, and more particularly on the exhibit entitled Component Site Chart, which may be revised from time to time. Request for occupancy at resorts with small amounts of property in the MVC Trust, as set forth in the Component Site Chart, may be fulfilled primarily through the Marriott Vacation Club Destinations Exchange Program.

4Access to the Explorer Collection is made available through the Marriott Vacation Club Destinations Exchange Program and is subject to the terms and conditions as outlined in the applicable Marriott Vacation Club Destinations Exchange Program documents.

THIS ADVERTISING MATERIAL IS BEING USED FOR THE PURPOSE OF SOLICITING THE SALE OF FRACTIONAL OWNERSHIP INTERESTS.
This is neither an offer to sell nor a solicitation to buy to residents in jurisdictions in which registration requirements have not been fulfilled, and your eligibility and the type of Club Membership available for purchase may depend upon your residency.
*Features, furnishings and amenities are subject to change; some images are renderings and are subject to change.

The Ritz-Carlton Development Company, Inc., Marriott Vacation Club International and the programs and products provided under The Ritz-Carlton Club brand are not owned, developed or sold by The Ritz-Carlton Hotel Company LLC. The Ritz-Carlton Development Company Inc. uses The Ritz-Carlton marks under license from The Ritz-Carlton Hotel Company LLC.

November 9, 2010 - Ronald Hulsey Named General Manager at The Ritz-Carlton Club, St. ThomasThe Ritz-Carlton Club, St. Thomas recently named Ronald Hulsey as the new general manager of the oceanfront, destination club property.